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Diesel Rises 4.5¢ to $3.828 in First Gain in Seven Weeks

1/10/2012 11:30:00 AM
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Gasoline Jumps 8.3¢ in Third Increase

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Tom Biery/Trans Pixs

Diesel rose 4.5 cents to $3.828 a gallon, its first increase in seven weeks, while gasoline jumped 8.3 cents for its third straight gain, the Department of Energy said Monday.

Diesel had dropped 22.7 cents in six straight declines prior to Monday’s gain, according to DOE records. Gasoline has increased 15.3 cents in three straight gains.

The latest price leaves trucking’s main fuel 49.5 cents over same week last year, while gasoline is 29.3 cents higher than the same week a year ago.

Oil fell for a third day, dipping a quarter to $101.31 a barrel on the New York Mercantile Exchange, Bloomberg reported.

Crude futures have finished over $100 in every trading day this year and closed at an eight-month high of $103.22 last Tuesday, according to Bloomberg Nymex figures.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.

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Diesel Rises 4.5¢ to $3.828 in First Gain in Seven Weeks (1/10/2012 11:30:00 AM)
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